Importers of Chinese made goods, including many product suppliers in housewares, will be facing a new round of tariffs beginning in September.
President Donald Trump announced via Twitter that the United States would impose 10% tariffs on an additional $300 billion in Chinese goods beginning September 1. The announcement comes just after a recent round of trade talks between U.S. and Chinese trade officials broke off without any significant progress, according to published reports.
The announcement from Trump comes little more than a month after he announced the U.S. would delay tariffs of 25% on $300 billion worth of Chinese-made products.
The Wall St. Journal reported that unlike prior rounds of tariffs imposed by Trump, which largely impacted industrial products, the new round of tariffs will hit a broad range of consumer products.